In Industrial control systems, a programmable logic controller (PLC) is an electronic device that monitors, regulates, and manages building systems, manufacturing processes, and power. PLCs fundamental components are a power supply, processor, PLC programming, and an input/output portion. These controllers endure severe temperatures, humidity, vibration, and electrical noise to fulfill the demands of rigid industrial settings. PLC programming also employs several languages, including sequential function charts, ladder logic, and functional block diagrams.
The Programmable Logic Controller Market is expected to grow at 5.3% CAGR in 2022-2031 with market size of USD 19.71 Billion.
Key Trend & Drivers
To meet the ever-increasing needs of the automobile sector, PLC is used at the production stage. It was first utilized in the automobile sector as a relay replacement device.
The demand for automobiles has been gradually growing, with the Center for Automotive Research (CAR) at the University of Duisburg-Essen forecasting a 2.2 percent yearly increase in worldwide car sales. Better manufacturing facilities with automation for this potential expansion, likely to boost PLCs in the sector.
PLCs may now replace over 100 relays owing to technical improvements, allowing for improved space and man-management. Various new technologies are also integrating with automobiles. For example, in October 2019, Aptiv announced a merger with Hyundai Motors driverless operations, which will boost the formers prospects. By combining the South Korean automakers expertise with Aptivs, and providing a platform for so-called robotaxis, self-driving cars generating income on a per-ride basis. Aptiv PLC (APTV) has to be considered one of the front-runners in the race to profit from self-driving cars.
The PLC market in automotive is forecast to expand further as other technologies emerge, such as machine vision, collaborative robotics, artificial intelligence for driverless/autonomous automobiles, and cognitive computing in IoT-connected cars.
Key Players
The PLC market is fiercely competitive, with several prominent competitors. Few large firms presently dominate the industry in terms of market share. These market leaders are concentrating their efforts on growing their client base to include other countries. These businesses are relying on strategic collaboration activities to flourish their market share and profit margins. Furthermore, new industries are gaining a foothold in this industry. ABB Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, and others are the main participants.
Regional Assessment
Because of increased industrial investment in the mining, oil & gas sectors, fueled by PLCs, pushing market development, the United States is forecast to have a high position in North America. In the United States, SCADA is applied in the upstream, midstream, and downstream oil and gas industries. Its place in the upstream sector is sometimes primarily supporting distant data transfer. However, because of the vast and varied applications of SCADA, the need for PLC is expected to rise significantly.
Smart manufacturing programs, like the Smart Manufacturing Leadership Coalition (SMLC), which pushes and supports the widespread use of manufacturing information and automation, also contribute to the dominance. The coming generation of urban infrastructure is on the horizon as the Internet of Things (IoT) technology advances with Industry 4.0. Local authorities will increasingly rely on it to enhance living, working, and transport circumstances. The government is concentrating on smart city development, and industrial digital computers will be in great demand in the future years.
One such initiative is the development of the Advanced Manufacturing Partnership (AMP), which aims to encourage businesses, universities, & the federal government to invest in new technology. This aspect has helped the country acquire a competitive advantage in the global economy, and the need for PLC will continue to climb in the future as automation increases.
Report Highlights
• Historical data available (as per request)
• Estimation/projection/forecast for revenue and unit sales (2021-2031)
• Data breakdown for every market segment (2021-2031)
• Gross breakdown for every market segment (2021-2031)
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry and Revenue Segmentation
Product type analysis (Revenue, USD Million, 2022-2031)
• Integrated or Compact PLC
• Modular PLC
• Small PLC
• Medium-sized PLC
• Large PLCs
Solution Analysis (Revenue, USD Million, 2022-2031)
• Hardware
• Processor
• Power Supply
• Input/Output( (I/O)
• Software
• Service
• Training
• Maintenance
• Consulting
Industry Vertical Analysis (Revenue, USD Million, 20020-2031)
• Energy & Power
• Automotive
• Oil & Gas
• Pharmaceutical
• Others (Food & Beverages and Pupl & Paper)
Key Company Analysis (Revenue, USD Million, 2022-2031)
• ABB Ltd.
• Mitsubishi Electric Corporation
• Schneider Electric SE
• Rockwell Automation, Inc.
• Siemens AG
• Others
Regional Analysis (Revenue, USD Million, 2022 – 2031)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United kingdom
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• UAE
• Qatar
• Saudi Arabia
• Japan
• Africa
• Rest of the world
Available Versions:
• United States Programmable Logic Controller (PLC) Industry Research Report
• Europe Programmable Logic Controller (PLC) Industry Research Report
• Asia Programmable Logic Controller (PLC) Industry Research Report
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